Posted on: 06-01-12 21:49:50
Business Line Page 1 dated January 6, 2012
Kingfisher is NPA for us says SBI Chief.
The country’s largest bank has an exposure of 1458 crores to Kingfisher airlines, which is in a weak financial position and struggling to service its loans. The other banks with significant exposure to the Airlines are IDBI Bank at 727 crores, PNB at 710 crores, Bank of India 575 crores and Bank of Baroda 537 crores.
Business Line Page 6 dated January 6, 2012
SBI chief says that the bank may get up to Rs.6000 crore capital infusion this fiscal from the government of India to help increase its operation.
When the poor or middle class are given any apparent subsidy there is a hue and cry.
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